Insurance is a term used to refer to the act, systems, or business where financial protection (or financial compensation) for life, property, health and so forth get reimbursement of events that can not be alleged that can occur such as death, loss, damage or pain, which involves regular premium payments within certain period of time in exchange for a policy that ensures the protection.
By now we all have heard about Congress and their staffers being removed from the Federal Health Plan and being placed into exchanges marketplaces. Mike did a post on it here. We also know that the Office of Personnel Management has determined that they can still contribute to the employees premiums. This is a BFD when other employers are not allowed to do the same.
Here is another BFD that hasn't gotten any attention. Exchanges marketplaces are only available to people up through age 64. So what does OPM plan to do with the 140+ members of Congress (38 Senators and 106 House) who are over age 65?